Ravetto adamant of Caterham presence in 2015

Caterham team principal Manfredi Ravetto insists that the squad has a future in the sport beyond the end of the 2014 season.

Ravetto joined the outfit following a takeover by a group of Swiss and Middle Eastern investors and was promoted to the role of team principal following the resignation of Christijan Albers.

Ravetto insists that plans are being put in place to ensure that Caterham has a future in Formula 1.

"We are currently testing our 2015 car in Cologne, at Toyota’s wind tunnel," he told the Official F1 Website. "Obviously you cannot run your car in Cologne just because of our extremely nice attitude. You only can do this with an injection of cash - which we did. And if we do this it means that we are fully committed to being here next year.

"Let me explain some of the reasoning: a Formula One team and a Formula One entry are huge assets, and therefore you have to do your maximum to protect these assets."

Manfredi also believes that the team has performed a 'small miracle' to make it this far after previous owner Tony Fernandes 'pulled the plug' earlier in the year.

"My feeling is that with the previous owners having already pulled the plug in a quite evident way, the team did not believe anymore that they would race at Silverstone," he said.

"There is some additional evidence for that. But not only did we manage to race at Silverstone, we also did the test at Silverstone and made it to Singapore. In the meantime we have also made some significant improvements to the car - some significant improvements in terms of restructuring - and we keep fighting.

"But I would like to be clear: we take it as it comes. We are very relaxed. I think we have done a small miracle to bring it to where it is. I think we also did a small miracle by improving the performance and being ahead of Marussia in terms of speed and very close to Lotus and Sauber. We are set to deliver miracles!"